3. Macro-Economic Impact

About this Lecture

Lecture

In this module, we explore the macro-economic impacts of the Great Depression. We examine the Depression's effect on stock prices, national income, banks and unemployment. We then root these impacts in reality showing the effect they were having on people's lives, particularly through exploration of the unemployment rate.

Course

In this course, Professor David Kennedy (Stanford University) examines the Great Depression and New Deal in the United States. In the first module, we explore what America was like in 1929 before the Great Depression. After this, we examine the causes of the Great Depression in more detail. In the next two modules we look at the economic and social impact of the Great Depression on the American people. We then turn to look at the political response to the Great Depression - the New Deal. In the final module, we look at the legacies of the Great Depression and New Deal.

Lecturer

Professor David Kennedy is Donald J. McLachlan Professor of History Emeritus at Stanford University. His scholarship is notable for its integration of economic and cultural analysis with social and political history. His research focus has largely been on 20th century US History, winning the Pulitzer Prize for History for his book Freedom from Fear: The American People in Depression and War, 1929–1945 (1999).